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<br />... <br /> <br />. <br /> <br />~Wolkerstorfer Co., Inc. <br /> <br />~ ELECTROPLATING AND ENAMELING <br /> <br />~~"""'..'. 717South3rdStreet' 806 South 4th Street <br />.... Minneapolis, MN 55415 .' Minneapolis, MN 55415 <br />. (612) 333.3274 (612) 339-9594 <br /> <br />Established 1895 <br /> <br /> <br />-2- <br /> <br />for some time and will expand ari existing facility with a <br />growing indust:ry.. 'itlebeliEve that our business is of the <br />nature that the qity<would desire to attract and remain within <br />the City .We believe our relocation in the City '!tlill provide <br />a mininnL'i of' 50 to' 75 new jobs l.\iithin the first year. There <br />would be a limited amount of 'traf'fic to the plant ,and the <br />traffic would be similar to the traffic generatedby the prior <br />tenant. 'tIe believe there would bea direct benefit to the <br />citizens of the community in reopening this facility and in a <br />manner consistent with your policies. There will be no com- <br />petition with the existing c02p~nies within the City and we <br />believe that there will be no special construction or building <br />financed which would preclude alternate uses of the facility. <br /> <br />The project new 'constru~ti<im costs. "Jill exceed $1.'5 million <br />and we are willing to make such disclosures as to our financial <br />ability as are desired by the underwriters and the eity and <br />we are prepared to suh~it the necessary audits, financial data <br />and information required. <br /> <br />>. <br /> <br />We are willing to assume all administrative, lega~ planning, <br />fiscal and other expenses incurred b~ the City in connection <br />with the proposed project whether or not the bonds are issued. <br />. . <br /> <br />We have recommended the firm of Miller & Schroeder tnn~cipals, <br />Inc. as the underwtiter and they are prepared to proceed with <br />the facility. <br /> <br />We understand the City has selected Faegre & Denson as its <br />bond counsel and the Company and its counsel are prepared to <br />go forw~rd with this project. <br /> <br />We respectfuJ+Y request that this matter- be placed on the <br />City Council Agenda for your May 8, 1979 meeting. <br /> <br />Sincerely, <br /> <br /> <br />;tim. J .~-Jolkerstorfer <br />pOlIshln~~ ff.tlrflnlshlng Electroless Nickel, Hard and Decorative Chrome <br /> <br />Enamel. Teflon. Vinyl <br />